Obama promotes $30 billion small-business lending plan

President Barack Obama went to New Hampshire Tuesday to promote job creation through a plan to funnel $30 billion in Troubled Asset Relief Program funds into small-business loans from community banks. Sector experts, including the chief economist for the National Federation of Independent Business, William Dunkelberg, say small-business owners are not hiring more workers because sales are off, not because they cannot get credit. Other critics warned banks will not lend if borrowers are not credit-worthy or if the program has too much red tape.

View Full Article in:

Bloomberg Businessweek · NYTimes.com · Wall Street Journal, The · CNNMoney · Chicago Tribune (tiered subscription model)